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"washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from movies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape anything because they demonized. john: the company closed three out of four plants, laid-off workers. >> in the economic down is far worse than that. john: has not been a single incident of anybody being hurt. and what the industry calls it is just lean beef trimmings or finely textured. no slimyhan other parts of beef. >> the company here has received awards for how good a job they do for consumer safety. it was just one constant is a job. john: and that the company is suing bc. i don't like that. that is saying we disagree and you should just shut up. there ought to be some other way to fight back. but the fre
"washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from movies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape...
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what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. 12 hours is not acceptable that was a failure but to still have dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett. my government projects may from dangerous chemicals. base steady if this dangerous to wash your hands with this so poor brush with this toothpaste. their conclusion? you will be amazed. only gaviscon® forms a protective barri
what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am...
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alan simpson, he does not like washington style. he is going gangham style. he is going gangham style. that is coming up the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1%ash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who li more cash. what's in your wallet? you know how painful artburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ charles: finally tonight, the video that has gone viral on us. you are about to cede your first. former debt commission co-chair alan simpson like you have never seen them before. â™
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he has companyn washington as nobody wants their junk touched. big unions say the same, pat buchanan said it is hard to cut a deal, hen no one is cutting budget or slowing growth. that is reality. ratio now. 3 to 1 in favorf tax hikes over spendingut that is a best case scenario right now. >> well, the -- i remember ron aronald reaga in1985, he said they promised me $3 in spending cuts for every one i spending cuts, they gav him opposite he felt he had been taken to the cleaners in the bill, in 1982, that was on his mind for the rest of his presidency, and republicans are headed into the same trap. nei: i think, there are a lot of people who don't like tax hikes, but president campaigned to hiking taxes on the weahy, as mh as i'm against it, it is going to happen. but if that a consequence, it is not, other consequence should not be you republicans losing your backbone and resolve on issues near toou, bu they are folding onheapuits on ooe issue after another, whatives? >> i think they realize, they have a gun to tir head, they are told by the pre
he has companyn washington as nobody wants their junk touched. big unions say the same, pat buchanan said it is hard to cut a deal, hen no one is cutting budget or slowing growth. that is reality. ratio now. 3 to 1 in favorf tax hikes over spendingut that is a best case scenario right now. >> well, the -- i remember ron aronald reaga in1985, he said they promised me $3 in spending cuts for every one i spending cuts, they gav him opposite he felt he had been taken to the cleaners in the...
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12/12
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CNBC
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it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do, whether we get a deal or not? are there two completely different strategies? >> there is various things on a similar attitude. big is not always good. i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compr
it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do,...
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this is washington, back to you. liz: we have a lower third banner that says we can probably solve this in a week according to the president. >> if he said if republicans relent on raising tax rates on $250,000 per year. david: always the question of if you'll take over the power, rich edson is they're following it all for us. coming up, more on what is happening in washington, the chief number cruncher on the heritage foundation here to tell us why they're increasing taxes 25%. liz: pandora shareholders may be singing the blues after the stock plummeted 20% at one point today after beating earnings estimates but admitting it will swing to a loss. ask any internet radio pioneer and ceo joe kennedy why he is whistling a much better tune despite that. next. liz: to remember yesterday pandora got smacked in the after-hours. not singing a great tune and all, humbled 17% following the earnings release while most numbers came in above analyst estimates it was a guidance well below what many were hoping for. the stock suffe
this is washington, back to you. liz: we have a lower third banner that says we can probably solve this in a week according to the president. >> if he said if republicans relent on raising tax rates on $250,000 per year. david: always the question of if you'll take over the power, rich edson is they're following it all for us. coming up, more on what is happening in washington, the chief number cruncher on the heritage foundation here to tell us why they're increasing taxes 25%. liz:...
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the corporate ceos are much smarter than those in washington. if the taxes are dramatically higher on dividends, guess what they're going to do? gerri: they won't pay them. >> exactly. it will convert them to capital gain. if washington thinks that they can actually control behavior, they are kidding themselves. gerri: i think it's so interesting that you can't control, you know, you're not going to change how much the althy spend. they will spend no matter what even if you raise taaxes. gerri: it's nonsense. >> there's a disconnect between what they want to have happen what will happen. people with money are going to vote and adjust their investments accordingly with the help of people write me. gerri: i hope you get some good advice. >> we will be much more definitive in the next few weeks. gerri: by then, i hope it's not too late. we have until december 31. >> what we do the trade now on december 27, it doesn't make any difference. >> it will all be different on the investments. >> but we are not getting out of the market. we are doing a simu
the corporate ceos are much smarter than those in washington. if the taxes are dramatically higher on dividends, guess what they're going to do? gerri: they won't pay them. >> exactly. it will convert them to capital gain. if washington thinks that they can actually control behavior, they are kidding themselves. gerri: i think it's so interesting that you can't control, you know, you're not going to change how much the althy spend. they will spend no matter what even if you raise taaxes....
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i spoke to the three works fine people in washington yesterday from all over the country. i said i will give any of your million bucks if you get some new what the republican message was in 2006. i kept my money. i give you a dollar if you continue with the republican message was in 2010. all about puuhing back against excessive interests of expansive expensive government over reached in the guise of tarp and stimulus and obamacare. here we are again. they know who they are. >> a party of social issues cannot make its of a party of economics. they are completely stuck in the middle, and obama holds the cards. if they take the wrong but they lose and if they take the right pose the lose. of their patriotic into what is right they lose. very difficult position to be in >> but you are admitting that this is about tactics. [talking over each other] >> i am not a brain surgeon. i am a political person. that's what i do. lou: i love it when you are modest. >> modesty becomes you. this is where i think republicans have an opportunity to lead. they need to be clear, concise, and s
i spoke to the three works fine people in washington yesterday from all over the country. i said i will give any of your million bucks if you get some new what the republican message was in 2006. i kept my money. i give you a dollar if you continue with the republican message was in 2010. all about puuhing back against excessive interests of expansive expensive government over reached in the guise of tarp and stimulus and obamacare. here we are again. they know who they are. >> a party of...
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12/12
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we were careen, and the mouthpieces in washington spoke and it fell. something else at work here 1234 >> you know, i think it's a lot of things. i think, you know, is qe ad good thing for the marked? the fed came in strong, but i don't think that's cause for the market. we were testing that level, kind of, i think, a hard tactical barrier. we need a catalyst to breakthrough it. john boehner says something negative -- david: mark, i have to interrupt. we have the numbers from adobe. bringing it to you first. adam going through the numbers. what are they, adam? >> investors happy beating what was expected of revenue on 1 #.5 billion. inviers wonder how they went to charge in the cloud going to impact and looks they are doing well. back to you. >> by the way, we have the after hour numbers for you, and as you can see, says zero. there's a lot of traders who want to trade afterhours, but trades halted. as soon as they are lifted, we'll tell you, mark sebastian with adobe, interesting they hold shares on good news, mark. >> you know, when they know the news
we were careen, and the mouthpieces in washington spoke and it fell. something else at work here 1234 >> you know, i think it's a lot of things. i think, you know, is qe ad good thing for the marked? the fed came in strong, but i don't think that's cause for the market. we were testing that level, kind of, i think, a hard tactical barrier. we need a catalyst to breakthrough it. john boehner says something negative -- david: mark, i have to interrupt. we have the numbers from adobe....
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when was last time in washington 10-year spending projections actually came in at or below what the projections were meant to be? it never happens. same is true on the revenue side with taxes. i think the numbers we're laying out here are probably the quote, unquote best-case scenario in terms of what could actually happen. just in terms of the pure math. not in terms whether or not it is good policy, just in terms of pure math. one reason going over the cliff looks more attractive in terms of bottom line numbers because there is that huge tax number. now, there are all sorts of reasons beyond that --. melissa: why is that, to raise that much revenue and give it to the government? i don't understand why that is appealing? >> it is not appealing to me. melissa: okay. >> it would be ap peeling from a math perspective because the number is bigger. but the problem is, the number won't be that big no matter what happens. you can talk about dynamic scoring. look at different ways revenue won't be revenue it is projected to be. you're talking about something that would do tremendous damage to the dome
when was last time in washington 10-year spending projections actually came in at or below what the projections were meant to be? it never happens. same is true on the revenue side with taxes. i think the numbers we're laying out here are probably the quote, unquote best-case scenario in terms of what could actually happen. just in terms of the pure math. not in terms whether or not it is good policy, just in terms of pure math. one reason going over the cliff looks more attractive in terms of...
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rich edson live in washington. we know this has been planned for a long time, but nonetheless, now we're just dead in the water for the moment. >> reporter: we are. and just a couple of minutes ago "the wall street journal" coming out with a headline that budget talks have resumed between the president's staff and the speaker's staff. that's something that we're going to check on ourselves in just a couple of minutes with both sides still stuck over tax rates, that still remains the issue. the house is out until tuesday, republican lawmakers say they'll speak with small businesses while back in their districts to discuss the president's tax plan and highlight what they call his small business tax hike. president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that
rich edson live in washington. we know this has been planned for a long time, but nonetheless, now we're just dead in the water for the moment. >> reporter: we are. and just a couple of minutes ago "the wall street journal" coming out with a headline that budget talks have resumed between the president's staff and the speaker's staff. that's something that we're going to check on ourselves in just a couple of minutes with both sides still stuck over tax rates, that still remains...
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it will be redistributed to washington and burned at the same time. neil: they are takinghe money right now and running in case of oracle you can almost see how much is means to larry, if is gets to 40 plus% percent he will take that money and get it now cheaper. >> i think what is mised there is no real place where you can get decent income right now, you can't buy bonds, you get 1 or 2%, you can't put in in the bank, coming back to something businesses those who mak 300,000, i extended a conference, they put cars, and trucks on the road, education to be technology people, they 56 pick water leaks, if they have extra income they can get from star stock ma, they will buy another truck and fix more water leaks, if you don't need food or energy, you don't have to worry about water, but most people do need food and energy, you take water, you are depleting our source of water quite literally, and making it very difficu, there are people, that will directly be affected in the sense, people that bottom 20%, that have high school education that will not get
it will be redistributed to washington and burned at the same time. neil: they are takinghe money right now and running in case of oracle you can almost see how much is means to larry, if is gets to 40 plus% percent he will take that money and get it now cheaper. >> i think what is mised there is no real place where you can get decent income right now, you can't buy bonds, you get 1 or 2%, you can't put in in the bank, coming back to something businesses those who mak 300,000, i extended...
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legalized recreational marijuana in colorado and washington state. no worry of arrests but don't tell that to the fed's. they still say it is illegal. tommy chong after the break is a stranger to the weed. we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche the stock this morning, it is now up after a huge drop yesterday. a lot at stake here. lot of people trying to avoid a tax bite next year. reports about apple losing market share, in the smart phone area in china and as charles said, once the stock goes down other people start selling making it fall even worse. it has been turned around and is now up $4. it
legalized recreational marijuana in colorado and washington state. no worry of arrests but don't tell that to the fed's. they still say it is illegal. tommy chong after the break is a stranger to the weed. we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so...
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anything can come out of your core washington so every day as the new day. a week of tomorrow morning and played a market long or short especially with the economic data we got today leading to unemployment tomorrow. liz: what about those of us with day jobs? other than sitting in front of our tv ameritrade or who knows what account making our trade and especially when you see today the ten year yield in treasurys came down once again which makes me believe at certain points, treasury trade and a few trades coming in a matter what. >> it is defense. treasury will come down. they are treading water here which is a positive but volumes are down. volume is slightly over and the treasuuy auctions, the fed is going to announce some kind of treasury buying program to stimulate the economy and keep rates low and that will favor stocks so stocks will take care of what is going on in the treasury market. liz: cap it with the hurricanes and the effect which a reverse from negative to positive at some point. >> you saw jobless claims are up but sandy will handicap it a
anything can come out of your core washington so every day as the new day. a week of tomorrow morning and played a market long or short especially with the economic data we got today leading to unemployment tomorrow. liz: what about those of us with day jobs? other than sitting in front of our tv ameritrade or who knows what account making our trade and especially when you see today the ten year yield in treasurys came down once again which makes me believe at certain points, treasury trade and...
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i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on le support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that led senatrepublican leader to literally burst out laughing. >> the white house took three weeks to respond with any kind of a proposal. much to my disappointment it as not a serious one. >> the president campaigns on $800 -- 800 billion in tax increases by ending the bush tax cuts for the wealthy, but is now proposing. adding tax hikes on dividends an
i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up....
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in the "moneyline" tonight, a stalemate in washington d.c. wall street's back today. the balance squeaking out of four. gain. s&p up less than a point, nasdaq slipping lower on the day. volume on th biboard slightly heavier than usual. all the major indexes finied higher for the month. down 71 points. s&p and nasdaq both ended higher. the three biggest winners for the month, cisco systems up to nine 1/4%. home depot, bank of america, both of just above 6%. aaa now urging the environmental protection agency to halt the sales of gas with directional concentrations arguing the fuel blend known as e 15 with an additional 5% ethanol cause engine damage but that is not covered by most car warranties. the epa says cars made after the 2000's one mall can handle that fuel brand. triple late shows 95 percent of carsmade before 2012 will not. up next, president obama meeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share ourist of people that the president might also want to think about sitting dow
in the "moneyline" tonight, a stalemate in washington d.c. wall street's back today. the balance squeaking out of four. gain. s&p up less than a point, nasdaq slipping lower on the day. volume on th biboard slightly heavier than usual. all the major indexes finied higher for the month. down 71 points. s&p and nasdaq both ended higher. the three biggest winners for the month, cisco systems up to nine 1/4%. home depot, bank of america, both of just above 6%. aaa now urging the...
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we have a problem in washington. a president who is addicted to spending, a congress that is addicted to spending. and we need to have an intervention. and that instervention that to come from people in washingn who understand the problem. and the have to say no to all of this. unfortunately, the one place that can happen is the house, and it is not happening. neil: one thing -- you and i might disagree -- but i think that elections do have consequences, the american people since seem to support they want to stick it to the rich, i do not agree with that i think that hoops that republicans are going through to find an alternative to raising raters on clinton era rates. it could get so ca complicated d get worse. when you talk mortgages and charities and everything else. why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessis on spending. neil: we're not getting them. >> that is the point, so putting up ta
we have a problem in washington. a president who is addicted to spending, a congress that is addicted to spending. and we need to have an intervention. and that instervention that to come from people in washingn who understand the problem. and the have to say no to all of this. unfortunately, the one place that can happen is the house, and it is not happening. neil: one thing -- you and i might disagree -- but i think that elections do have consequences, the american people since seem to...
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donovan said that washington is closer to one after the latest audit of the fha found it has a capital reserve deficit of about $16 billion. but the administration it is too soon to say whether the fha will need any treasury funding to avoid a bailout. the agency is increasing fees and making other changes. >> based on all of that do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those steps, i believe we've significantly decreased the chance of having a bailout at the end of 2013 or having to draw on the treasury. i'm not going to assign a probability at this point. melissa: hmmm. >> the administration says it will siggnal its intentions on treasury funding when it has the 2014 budget this february and make a decision whether or not to pull the trigger or not next september. melissa. melissa: peter thanks so much. what does a possible fha bailout mean to us, the taxpayer? here in a fox business exclusive, another one, former fha commissioner david stevens. he is now president and chief executive officer at the mortgage bankers association. thanks so much
donovan said that washington is closer to one after the latest audit of the fha found it has a capital reserve deficit of about $16 billion. but the administration it is too soon to say whether the fha will need any treasury funding to avoid a bailout. the agency is increasing fees and making other changes. >> based on all of that do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those steps, i believe we've significantly decreased the chance of having...
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Dec 21, 2012
12/12
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FBC
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i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a big automatic tax increase that happens january 1. john boehner is -- gerri: i don't think all americans have their arms around this situation. what would be the real change when these ax hikes going to affect? >> we are focusing a lot on these rate hikes going on. you are also looking at something that hasn't gotten a lot of attention, which is a slew of obamacare that are hitting on january 1. a lot of others are taxes that are going to get americans when they can least afford it. there a lot of tax increases are going to hit this economy hard. we need
i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a...
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connell: peter barnes in washington. we will take this right into our next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what needs to happen is we need to take note that we are subsidizing the fha again. while the fha is great for lower income borrowers, we are still allowing people to buy properties where they want after they post on the property, they are upside down on our property. that is where we need to be cautious. connell: we talk about it all the time, the housing numbers that are showing improvement. if people are only putting down, you know, the 3.5%, are we getting ourselves into a similar hole to the ones we are trying to dig ourseeves out of? >> unfortunately, we may have. the loans that the fha h
connell: peter barnes in washington. we will take this right into our next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what...
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rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the house inviting him over for a phone call, the white house hasn't responded to that question. coming down to two objects. >> if all you're relying on his closing exceptions and loopholes. let me amend that. it is not wise to do as a practical matter. >> they will come from guess who. the rich. there are ways to limit the options, close the polls and have them pay more of their money to the federal government without raising tax rates. >> that seems to be the key to this entire fiscal cliff mess. president obama saying the roundtable was struck by ceo's willingness to pay higher taxes and patriotic duty and the president also talked about speculation they may want another death to inflate next year. he has to break that habit before it starts thou
rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the house inviting him over for a phone call, the white house hasn't responded to that question. coming down to two objects. >> if all you're...
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she joins us from washington. kirsten, welcome to the program. i don't think you have been on before, have you? >> good morning, i don't think so. though i've always wanted to be invited. stuart: okay. i watch you all the time, and i detect a slight -- [inaudible] >> no, i'm sorry. stuart: especially on benghazi, you're moving and i think you are moving also on this fiscal cliff debate. here's the question: >> okay. stuart: why are we not discussing and why has the president not put out a serious entitlement reform plan? because i mean i think we can both agree on this, it is entitlement, specifically medicare that's really busting america's bank. so why no firm plan from the president? >> well, i think that he needs to do that. obviously all the talks we have about all the different cuts that even the republicans bring up are not going to do anything unless we address defense spending and entitlement spending. and so i think that the president should put forth a plan. however, i also think the republicans need to put forth a plan, especially bec
she joins us from washington. kirsten, welcome to the program. i don't think you have been on before, have you? >> good morning, i don't think so. though i've always wanted to be invited. stuart: okay. i watch you all the time, and i detect a slight -- [inaudible] >> no, i'm sorry. stuart: especially on benghazi, you're moving and i think you are moving also on this fiscal cliff debate. here's the question: >> okay. stuart: why are we not discussing and why has the president...
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Dec 3, 2012
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when i saw that, cuomo is coming to washington, and you showed the capitol you should have dollar bills coming out of the window because when the governors come to washington they want money with their palms up. that is what governor cuomo wants. he wants the federal government to write a big check to the state. we found with katrina, of the $140 billion, according to independent government auditors, there was rampant corruption and fraud and no bid contracts that went to cronies and we estimate that somewhere between 20 percent to 25 percent to 30 percent of the money was wasted on fraudulent contracts. it didn't helps victims. a lot of people got rich but it wasn't the people who lost their homes. >>neil: you can see money for a variety of purposes, the money coming in, helping the victims, helping sandy victims now, but it goes through a variety of nefarious purposes and could fill a hole in the budget. where is the backup to look at making sure this money is going for the pups to which it is intended? >>guest: this is the frustration as a taxpayer watch dog. going back to katrina we
when i saw that, cuomo is coming to washington, and you showed the capitol you should have dollar bills coming out of the window because when the governors come to washington they want money with their palms up. that is what governor cuomo wants. he wants the federal government to write a big check to the state. we found with katrina, of the $140 billion, according to independent government auditors, there was rampant corruption and fraud and no bid contracts that went to cronies and we...
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Dec 17, 2012
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we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. shares of sprint today dropping today after the telecom giant announced the remaining stake it does not own. sprint is one of the best performing stocks in the s&p 500 this year. is there still room to run for the stock or are you better off with larger competitor verizon? on
we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national....
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Dec 17, 2012
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once again, is it this headline out of washington, d.c.? >> the headline definitely helps, without a dow map. the overall fax are a rally into the end of the year. if that happens, that changes everything. we are going into the end of the year with some strength. liz: i am looking at all that is happening. we cannot ignore volume, guys. volume continues to be a little anemic. chris, at the cme, looking at what is working, you guys do with the trades that are coming through, what are you seeing? >> we are measuring low-volume right now. things tend to drift lower. the big thing we are on right now is still the gold position. we are right around that $1700 mark. if the pops over that, a lot of these traders will become buyers. it is acting as a resistance to the upside right now. with japan coming through with the more liberal, you know, monetary easing, sort of scenario, it may be really good for gold. liz: let's get the gold chart up. we are a full $10 above. if it goes down just a bit more, you may see the real buyers come in here. >> i th
once again, is it this headline out of washington, d.c.? >> the headline definitely helps, without a dow map. the overall fax are a rally into the end of the year. if that happens, that changes everything. we are going into the end of the year with some strength. liz: i am looking at all that is happening. we cannot ignore volume, guys. volume continues to be a little anemic. chris, at the cme, looking at what is working, you guys do with the trades that are coming through, what are you...
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Dec 22, 2012
12/12
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washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays,and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend ta cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday ttry to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get th
washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to...
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uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we have not really lost momentum and i will put that in the victory column. from a very short-term perspective, it is the fiscal cliff that is on everyone's mind. consumer sentiment is starting to decline. that suggested everyone seems to be focused on the fiscal cliff. when you are focused on uncertainty, what do you do, you do nothing. those are the major implementations for the economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit m
uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we...
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there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping nearly p 3% to settle at $32.81 an ounce. david: markets hopping, but the next trader says investor participation is shifting. in chicago, larry, the key question here is what happens when the market gets off its hind legs and moves? move up or down? >> it all depends on what happens with the fiscal cliff. right now, there's boehner yelled out by his own party, the conservative part
there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after...
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but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakthrough that says that we need t
but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of...
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Dec 13, 2012
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every time they are in washington, we, the taxpayers, get screwed." tom says, "sounds like boehner is about to give president obama the store. good-bye, america. not quite." that's all for us. thanks for being with us. good night from new york. ♪ [bleep] >> you heard the lady in there. >> i ain't nobody. >> [inaudible] >> get out of my face. [bleep] back off. [bleep] [inaudible conversations] neil: you've seen it, you wonder about it. unions unhinged, and the guy they unhinged here tonight. fox on top of unions doubling down and in michigan. their supporters far from correcting them try commending them. >> we're going to pass something that will undo a hundred years of labor relations, and there will be blood. there will be repercussions. neil: so you think we have another wisconsin on our hands? what have i told you? this is not about right to work. this is looking more and more like right to whack. welcome, everybody. i'm neil cavuto, and whether you're for the michigan governor trying to make his the 24th right to work state right now, consider t
every time they are in washington, we, the taxpayers, get screwed." tom says, "sounds like boehner is about to give president obama the store. good-bye, america. not quite." that's all for us. thanks for being with us. good night from new york. ♪ [bleep] >> you heard the lady in there. >> i ain't nobody. >> [inaudible] >> get out of my face. [bleep] back off. [bleep] [inaudible conversations] neil: you've seen it, you wonder about it. unions unhinged,...
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Dec 16, 2012
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after all, no kids in washington ask the congressmen what laws did you repeal? it's congressman, what laws have you passed? so they pass and pass and laws pile up. for every one of these, there's an unintended consequence or several. the track record is clear. central planners failed in the soviet uni,, cuba, in america's public school systems, at the post office. central planning stops innovation, distorts the economy; yet, for all of that failure whenever another crisis hits, natural instinct is to say government has to do something. why don't we learn? because there are awless problems that must be solved. there are always politicians who claim to be problem solvers. they are so interested in our welfare. that's all they talk aboutment some went to harvard, so they must be so smart. we believe them, then, when they say, yes, we can. >> yes, we can. >> yes, we can. >> yes, we can. [cheers and applause] >> real life says they can't do things including free people. no, they can't. yes, they can pass a law, but the law does not solve the problem, but creates new
after all, no kids in washington ask the congressmen what laws did you repeal? it's congressman, what laws have you passed? so they pass and pass and laws pile up. for every one of these, there's an unintended consequence or several. the track record is clear. central planners failed in the soviet uni,, cuba, in america's public school systems, at the post office. central planning stops innovation, distorts the economy; yet, for all of that failure whenever another crisis hits, natural instinct...
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you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers yo
you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get...
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Dec 14, 2012
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so is the market's portion of politicians in washington. that could be one way you may get a deal sooner than later. lou: i don't know which way to cross my fingers for in that deal. thank you for being here. we appreciated. up next, one of syria's biggest supporters committing the murders rain is at an end. straight ahead, we have had our differences with the epa. well, we are not here to tell you that we have back catch them all up. the latest power grab a cpa in charge of mother nature, and it could force you and other taxpayers to simply forfeited your home. our report next. ♪ ♪ lou: more red tape. the associated press reported the obama administration is quietly rolling out dozens of major new regulations now that the election and campaign scrutiny is over as if it were ever very, well, powerful. covering everything from greenhouse gas emissions to oil drilling to wall street. one of the more controversy regulations requiring all new cars to have black boxes beginning in 2014. supporters say those data recorders we will help determ
so is the market's portion of politicians in washington. that could be one way you may get a deal sooner than later. lou: i don't know which way to cross my fingers for in that deal. thank you for being here. we appreciated. up next, one of syria's biggest supporters committing the murders rain is at an end. straight ahead, we have had our differences with the epa. well, we are not here to tell you that we have back catch them all up. the latest power grab a cpa in charge of mother nature, and...
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>> i don't know if we're going to see that sense of brotherhood or sisterho any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compeld to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to funcon. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of aolitical operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point i
>> i don't know if we're going to see that sense of brotherhood or sisterho any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compeld to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to funcon. >> well, if it means we're headed into recession, the markets will...
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Dec 7, 2012
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. >>> a warning this morning to students and staff at george washington university after there is an attempted sexual assault and series of burglaries on campus. police have released surveillance photo of two suspects they say told laptops from dorm rooms. >>> some same-sex couples in maryland are one step closer to getting married. law will not take effect until january 1st. clerks began issuing licenses thursday. karen gray houston has a closer look. >> reporter: meet karen preening, resident of potomac, general manager of a furniture store. she thought this day would never come. >> so excited. i cannot believe this day is here. i cannot believe it. >> reporter: her long-time partner of 29 years shuns the spotlight and doesn't want to be identified. >> there is prejudice. people don't believe in who we are and what we stand for. unfortunately, they don't want this to happen. but the people of maryland have spoken. >> reporter: a majority of maryland vote are approved question six on the ballot in favor of same-sex marriage effective january 1st. governor martin o'malley signed a pr
. >>> a warning this morning to students and staff at george washington university after there is an attempted sexual assault and series of burglaries on campus. police have released surveillance photo of two suspects they say told laptops from dorm rooms. >>> some same-sex couples in maryland are one step closer to getting married. law will not take effect until january 1st. clerks began issuing licenses thursday. karen gray houston has a closer look. >> reporter: meet...
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Dec 1, 2012
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this congress, one in washington today is the 112th congress. here is what has happened since the time of truman's did-nothing congress. here, that is truman's congress there with the red arrow there. that's the one that couldn't get anything done. so terrible and hapless and otherwise running a campaign against them and win. that was history's do-nothing congress. here is our current congress. the good old 112th. here is our currently republican-led congress. truman's congress passed a meager 900 or so bills. our congress passed fewer than 100. the weakest most anemic record on record for any congress ever. since the congressional clerk started counting the number of bills passed, no congress accomplished less than john boehner's congress. you know what? turns out people still care. just like they did in truman's time. the esteem the people have for the congress is in the low double digits. so there are still a few more days left in the 112th
this congress, one in washington today is the 112th congress. here is what has happened since the time of truman's did-nothing congress. here, that is truman's congress there with the red arrow there. that's the one that couldn't get anything done. so terrible and hapless and otherwise running a campaign against them and win. that was history's do-nothing congress. here is our current congress. the good old 112th. here is our currently republican-led congress. truman's congress passed a meager...
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the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of force, of demonstrations between the morsi regime, which is still trying to assert itself, the gun to influence the army, but did not complete the job, so the army is not completely under the hands of morsi, but, on the other hand, a dynamic opposition uniting against morsi and has been early on the responsible for the uprising in egypt against mubarak, replaced with the brotherhood, and bottom line, lou, is now the obama administration realizes that a partnership with the muslim brotherhood and morsi will not do. there has to be a triangle agree
the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of...
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he joins us from washington, d.c. was the white house or the democrats surprised by the republican proposal? >> dagen, i do not think that they were surprised. they knew another proposal would be coming back. they probably guessed that it would not include tax rate increases. that is the dance that is going on here. two scorpions dancing around each other waiting to strike. you know bowles said last night at an interview, i think you said it best, both sides would get killed by their base if the true deal was out right now. they would just get killed. dagen: do they know what the true deal is? >> no. i do not think they know yet. i think they know the framework of the true deal. they almost got there. they know what each side needs to happen for their faith to be semi- happy. they know where the red line is that at least they have talked about. i think until you get in that room and hammer it out, you do not know the parameters of where exactly that will be. i do not think you will get to that room until we get closer
he joins us from washington, d.c. was the white house or the democrats surprised by the republican proposal? >> dagen, i do not think that they were surprised. they knew another proposal would be coming back. they probably guessed that it would not include tax rate increases. that is the dance that is going on here. two scorpions dancing around each other waiting to strike. you know bowles said last night at an interview, i think you said it best, both sides would get killed by their base...
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we're talking about washington, d.c. and i think there is going to be plenty of political posturing. i think you're hearing john boehner say look, we've been responsible and guarded. it's the other guy's fault. you're going to hear democrats say, middle class folks, you're being held hostage so that the billionaires can pay lower taxes. >> arthel: that's what i'm talking about because they have to look forward to the 2014 midterm elections and so each person has to go back to their constituents and say look, i fought for you for what you want. it's happening. but i'm saying, what's going toned up winning in the end, because the folks did vote november 6 saying they want to make some sort of agreement happen and they're tired of this gridlock happening there in washington. >> well look, i think you're absolutely right, art. i think that was the message and my only hope is, and i think you probably share it -- is that the political posturing will go on in public, but then at least in private we'll start to make some progre
we're talking about washington, d.c. and i think there is going to be plenty of political posturing. i think you're hearing john boehner say look, we've been responsible and guarded. it's the other guy's fault. you're going to hear democrats say, middle class folks, you're being held hostage so that the billionaires can pay lower taxes. >> arthel: that's what i'm talking about because they have to look forward to the 2014 midterm elections and so each person has to go back to their...
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Dec 5, 2012
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first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by congressman mike simpson's office. he's the congressman circulating the letter. he's gathering signatures from other members of congress, as we speak. they expect to send this letter. i've talked to some conservative republicans today here on capitol hill who say their minds are not changed, and that's going to be the group that's most difficult for the speaker to negotiate. nonetheless, the fact there's such a letter being circulated probably gives speaker boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw
first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by...
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peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm victims. this is the picture of the face of maryland going through the storm. i will not show you the pictures of the lower shore this morning. >> a disaster bill coming up in the middle of this battle over t
peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the...
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our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier saying he wasn't going to discuss issues like gun control. it wasn't a day for politics. it's a day to focus on the victims of the tragedy, so you can expect the president is going to focus his remarks on the victims and what happened in connecticut and the attempt to figure out how it happened, why it happened. we'll hear from him at 3:15, and we're going to bring that to you, and we'll talk about it afterwards. >> all right, john, thank you very much. of course, we often talk about how the markets are a mood reflector, and if that's the case, we very much see a market that is subdued today by
our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier...
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send it to washington. i it's kenny's recipe of the day. >> they are so great. >> maybe they will talk more. you never know. >>> sue to the bond market, five-year notes up for action. rick santelli. >> hi, tyler, another spongy auction. the high stroke of 1:00 eastern was .765 on the bid side. what were the results of this auction, .769. it tailed off a bit. the 10 auction average, 2.87. this was deficient at 2.72. the lightest since july. indirect well below 42 auction average. here is where it's interesting. new trend, central banks, large institutions on direct bidding, 30.4, 11% is a 10 auction average. that's the best since sep '04, 77 basis points. rick, all yours. >> let's bring in jeff, cnbc contributor. you're a bond guy at the cme. is this a bond bubble and are we coming out of it? >> we talked a couple weeks ago on "power lunch" how we're poised to see the long end of the curve. we had confirmation when ben bernanke said they were going to focus the purchase on the belly of the curve. that's what
send it to washington. i it's kenny's recipe of the day. >> they are so great. >> maybe they will talk more. you never know. >>> sue to the bond market, five-year notes up for action. rick santelli. >> hi, tyler, another spongy auction. the high stroke of 1:00 eastern was .765 on the bid side. what were the results of this auction, .769. it tailed off a bit. the 10 auction average, 2.87. this was deficient at 2.72. the lightest since july. indirect well below 42...
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it was a strange bombshell in washington today. a little bit of news that came from an unexpected source. bob woodward got his hands on an audio recording of the top commanding general in afghanistan meeting off the record with a fox news analyst. the meeting took place last spring. it was general david petraeus who was at the time commander of all u.s. forces in the war in afghanistan. and on the tape, fox news analyst says that she was asked by her boss, by the chairman of fox news to pass along some very specific advice for general petraeus. >> if you're offered chairman, take it. if you're offered anything else, don't take it. resign in six months and run for president. okay? and i know you're not running for president, but at some point when you go to new york next, you may want to just chat with roger. i just say what i have suggested and that we've discussed is next time you go to new york you're going to stop by and see him? >> yeah. i'd be happy. i haven't seen him in awhile. he's a brilliant guy. >> he's simply brilliant.
it was a strange bombshell in washington today. a little bit of news that came from an unexpected source. bob woodward got his hands on an audio recording of the top commanding general in afghanistan meeting off the record with a fox news analyst. the meeting took place last spring. it was general david petraeus who was at the time commander of all u.s. forces in the war in afghanistan. and on the tape, fox news analyst says that she was asked by her boss, by the chairman of fox news to pass...